Why did Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma leave Peak XV Partners?

They departed from Peak XV Partners to co-found a new venture capital platform, aligning with the firm's evolving investment strategy and focus on AI-native investors.

What is the new venture capital platform being launched by the former Peak XV leaders?

Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma are launching a new, ambitious India-focused investment firm, aiming to capitalize on India's technological advancements and opportunities.

How is Peak XV Partners adapting to current market trends?

Peak XV Partners is adapting by emphasizing AI-native investors, refreshing its senior team through promotions, and recalibrating its strategy to stay competitive in a fast-changing market.

Home / Business and Economy / VC Giants Shake Up: Leaders Exit for New Venture

VC Giants Shake Up: Leaders Exit for New Venture

3 Feb

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Summary

Three senior managing directors departed from the firm.
Departing leaders are launching a new venture capital platform.
The firm is adapting to AI trends and market dynamics.

VC Giants Shake Up: Leaders Exit for New Venture

Peak XV Partners has announced a major leadership reshuffle with the departure of three senior managing directors: Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma. These exits are strategically aligned with the firm's recalibrated investment approach, which prioritizes AI-native investors and evolving market dynamics. The firm confirmed these moves were mutually agreed upon as part of its adaptation to emerging technological changes.

Ashish Agrawal has departed, and Ishaan Mittal and Tejeshwi Sharma are joining him to co-found a new venture capital platform. This initiative reflects a growing trend within India's venture capital landscape, driven by technological shifts and a focus on AI. Peak XV, formerly Sequoia Capital India & Southeast Asia, manages over $9 billion and has a strong track record in backing startups across India and Southeast Asia.

In response to these departures, Peak XV has appointed Abhishek Mohan as General Partner and Saipriya Sarangan as Chief Operating Officer. These promotions are part of a broader team refresh aimed at strengthening the firm's capabilities in the current AI-driven era. Peak XV reiterates its commitment to its limited partners and the founders it supports, emphasizing its two-decade journey and success with 36 IPOs.